News
"Quest" Campaign Entering Final Phase
By Laura Peters
There has been a cam
paign taking place here at
Guilford over the last
three years, in quest of
7.85 million dollars. This
fund-raising campaign
will conclude this
semester along with the
Sesquincentennial
celebration.
It has been given the ti
tle "Quest." It claims to be
"... a significant step for
ward, conveying en
thusiasm and hope for to
day's youth and tomor
row's leaders and a belief
in their possibilities and
opportunities to make a
difference in the future
(Quest, handbook)."
The investment funds
will mean financial sup
port of: 1) the students, 2)
the faculty, 3) the library,
4) the physical environ
ment, 5) the Friend's
Center, and 6) overall en
dowment.
The monetary goal of
the Quest campaign will
soon be reached as the Ju
ly deadline approaches.
Guilford needs to raise
$550,000 towards the
Library fund in the next
five months to reach the $4
1/2 million mark, as well
as to attain a capstone
grant of $250,000 from the
Kresge Foundation.
The Library fund has
been the most publicized
fund in the Quest cam
paign, for the Library is of
immediate concern
building is to begin in April
or May.
The other five areas
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listed above have attained
their monetary goals. In
addition, excess funds
have been raised, so ap
propriation of the money
must be decided.
All money values
discussed, however, are
partially promised funds,
meaning that donations
have been made on paper
but liquid funds will not be
immediately available.
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Architect Frank Asbury's rendering of the library
They will be given to
Guilford over the next two
to three years.
The funds, immediately
available, will begin to be
applied to the needs of
each of the five collection
areas.
First, the student
scholarship endowment of
$1,000,000 will be utilized in
financially assisting
academically gifted
scholars, foreign students,
minority students, Quaker
students, students study
ing abroad, scholar
athletes and students with
demonstrated needs.
This fund will offer im
mediate rewards for
Guilford students and will
attract competitively
ranked prospective
students.
Second, the faculty sup-
port fund will offer a
$1,000,000 endowment col
lection for payment of
salaries. Another $250,000
has been allocated for
research and teaching
resources and equipment.
With this $250,000, a
SIOO,OOO endowment is to
be established, as well, for
research and teaching
development.
Third, the library will
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draw on $4,500,000 col
lected to pay for new con
struction and renovation
of the present building.
Expansion of the
facilities will offer relief to
an immediate problem. At
present, there are 200,000
items stored in a library
area designed originally
for 125,000 items.
The new addition will of
fer room, as well, for more
study carrels, for an ex
pansion of the Friends
Historical Collection and
for a permanent exhibition
of two art collections in an
open gallery. This gallery
will constitute the center
area of the new edition,
around which the stacks
will stand.
Fourth, money has been
acquired to pay for areas
of the college physical
6
plant. For instance, the
residence halls require
upgrading and improve
ment after 40 years of use.
$400,000 will be used
here, with another $300,000
being put towards utility
system modernization. An
endowment will be
established for this area of
concern as well.
The Friends Center is a
fifth area of concern. This
Center deals with con
cerns of The Society of
Friends as they are
related to current issues.
More importantly, the
Center provides the
Quaker values on which
Guilford College is based.
Lastly, money has been
raised to enhance the col
lege endowment fund. Half
of a million dollars was at
tained for this purpose
which will strengthen the
college's financial founda
tion.
Students can expect to
directly benefit from an in
creased endowment. At
present, Guilford looks to
tuition to pay for 85% of its
annual expenses. A larger
endowment will therefore
keep down tuition ex
penses.
These are all immediate
and long-term rewards for
the Guilford community
especially for the students.
The quest is nearing its
end.
Guilfordian
Wishes You A
Safe Break!